Author: FX
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1716 as compared to the previous day’s fix of 7.1707 and 7.3067 Reuters estimates. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The…
Forex trading can be tricky. Many traders struggle to make sense of market moves. Fundamental analysis helps traders understand why currencies change value. This blog post will teach you the basics of fundamental analysis in forex. Get ready to boost your trading skills! Key Takeaways Fundamental analysis looks at big economic factors like GDP, inflation, and interest rates to understand currency value changes. Key economic indicators for forex traders include GDP, Consumer Price Index (CPI), and central bank policies. This method helps spot long-term trends and grasp market sentiment, guiding smarter trading decision choices. Mixing fundamental analysis with technical…
Trump: Gaza ceasefire should end Saturday if hostages not released Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The US Dollar maintained its bullish bias at the start of the new trading week, as investors remained concerned about the likelihood of a global trade war ahead of Chief Powell’s key testimony. Here is what you need to know on Tuesday, February 11: The US Dollar Index (DXY) extended its recovery north of the 108.00 hurdle amid tariff concerns and despite the downward bias in US yields. Chair Powell’s semi-annual testimony grabs all the attention seconded by the NFIB Business Optimism Index and the speeches by the Fed’s Hammack, Bowman and Williams. EUR/USD extended its leg lower and revisited…
Seeking AI boom, France and EU promise to cut red tape on tech Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
McDonald’s stock rises 5% after unveiling Q4 results. Comparable sales worldwide grew 0.4%, above -0.93% expected. Adjusted EPS of $2.83 missed consensus by 3 cents. Revenue of $6.39 billion misses Wall Street average by $90 million. McDonald’s stock (MCD) ploughed more than 5% higher at points on Monday morning despite missing fourth-quarter consensus on the top and bottom lines. The market, however, disregarded the major highlights to focus on growth in international comparables, which it views as evidence that management is righting the ship. MCD stock chanced up 5% to above $309, its first return to this price level…
EURUSD: The EURUSD gapped marginally lower (in relation to the previous week) as tariff fear continue to increase inflation fears, However, prices rebounded higher only to find resistance sellers within a swing area between 1.0330 and 1.0343. The 38.2% retracement of the move down from January 24 high is also in play at 1.03329. Staying below that swing area keeps the sellers more control today and going forward.USDJPY: The USDJPY fell below its important 100 and 200 day moving averages which are near converged at 152.70 today. Going forward, staying below those two moving averages keeps the sellers more in…
The Pound Sterling struggles against the US Dollar around 1.2400 as investors are cautious about US President Trump’s threat to raise tariffs on metals. BoE’s Pill sees strong wage growth as a major reason behind cautious interest rate guidance. Investors await BoE Bailey’s speech on Tuesday and Fed Powell’s testimony on Tuesday and Wednesday. The Pound Sterling (GBP) trades cautiously to near 1.2415 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair is trades with caution as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades higher on cautious market sentiment. The DXY Index gains…